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Blowout Dec. Jobs Report Puts Rate Cuts on Ice
Dow falls almost 700 points after blowout jobs report dashes hopes for more rate cuts
US stocks slid Friday as investors digested a better-than-expected jobs report that soured expectations of future rate cuts from the Federal Reserve. The Dow dropped by nearly 700 points, or 1.6%; while the S&P 500 fell by 1.
Blowout December Jobs Report Puts Rate Cuts on Ice: What the Experts Are Saying
The December jobs report showed a surprise surge in hiring and an unexpected drop in the unemployment rate. Taken together, the data strengthen the case for the Federal Reserve to maintain its current cautious stance toward lowering borrowing costs,
US jobs report smashes expectations as unemployment rate falls to 4.1%
The US job market delivered a shocker in December, obliterating forecasts with a surge in job creation and a drop in the unemployment rate. Nonfarm payrolls skyrocketed by 256,000, blowing past the Dow Jones estimate of 155,
20h
Strong December Jobs Report Kills Chances Of A January Fed Rate Cut
Before the strong December jobs report was released, the odds were already low for an interest rate cut in the next Federal ...
18h
on MSN
Surging job market could prove costly for households, businesses as odds of quick rate cuts fade
U.S. job growth surged and unemployment fell last month, an unexpected show of strength that may prove costly to homebuyers ...
20h
Strong US job growth raises doubts about further Fed rate cuts
The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the last ...
8h
on MSN
These are the companies that laid off the most San Francisco workers in 2024
Layoffs topped 5,500 in San Francisco in 2024, per data from the Office of Economic and Workforce Development. The WARN ...
16h
on MSN
Stock market today: Dow plunges 697 points after jobs report hits rate-cut bets
"I think really the market is saying maybe no rate cuts in 2025, and that the 10-year could very easily break well above 5%," ...
21h
on MSN
Strong December job growth could augur fewer Fed interest-rate cuts. Here's why.
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
22h
on MSN
Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows
At the very top of Republicans’ 100-day agenda with President-elect Donald Trump in the White House is the plan to renew some ...
19h
on MSN
Job growth skyrocketed in December, boosting one of the strongest labor markets in US history
In 2024, job growth continued to cool off, settling back into a familiar gait that was roughly in line with the pace of job ...
19h
on MSN
Maddow Blog | Final jobs report of the Biden era shows strong U.S. growth
As President Joe Biden prepares to leave office, he's leaving behind an extraordinary success story on American job growth, ...
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